Tag Archives: inflation

Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …

As expected, the Federal Reserve policymakers decided to leave US policy rate unchanged at the range of 5.25%-5.5% for the second consecutive time. The decision has just been announced and FOMC Chairman Jerome Powell will speak on the policy outlook and respond to questions in the post-meeting press conference, starting …

On Wednesday, the Japanese yen stopped falling after renewed threats of state intervention in the matter and as investors turned their attention to a policy meeting held by the Federal Reserve later on Wednesday. Interest rates in the United States are expected to remain unchanged, but the publication of details …

Since July, the Federal Reserve has not increased interest rates. That hasn’t made borrowing costs any less crippling for consumers. In September, the Fed hit the pause button. The US central bank will most likely decide its rate decision on Wednesday in light of key financial conditions, developments and economic …

Tuesday’s closing price of WTI crude oil was $81.18 per barrel, the lowest in two months, as concerns over a growing war faded and traders’ focus was largely directed towards the recent economic data out of the Eurozone.Tuesday saw an improvement in oil prices as investors became less concerned about …

European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.The EUR/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.Key Quotes“We must …

The Bank of Canada Governor Tiff Macklem has warned Canadian lawmakers that the economy is in a weaker phase due to higher interest rates, restraining consumption and bringing supply and demand closer to balance. Tiff Macklem stated that the Canadian central bank is assessing the effectiveness of its monetary policy, …

The Japanese Yen has strengthened against the US dollar following a report by Nikkei Asia that the Bank of Japan is prepared to adjust its Yield Curve Control (YCC) framework to allow the yield on the 10-year Japanese government bond to rise above 1%.This move is seen as necessary due …

On October 31, the Bank of Japan is scheduled to hold its Monetary Policy Committee meeting. Researchers and economists predict that policy won’t change, but opinions on whether to make another adjustment to Yield Curve Control (YCC) will differ. The benchmark 10-year JGB yield is getting close to reaching its …

Data showed on Monday that the German economy recorded a slight contraction in the third quarter, as the performance of the largest economy in Europe is still affected by weak purchasing power and high interest rates. The Federal Statistics Office said that the gross domestic product fell 0.1 percent on …